Alfred Ajibola
- 08th February, 2026 @ 07:48 AM
Topics in Business Studies
Business Studies Test For JSS1 First Term What is an Office? Qualities of a good office layout Small office explained with its characteristics Large office: Characteristics of large office Advantages and disadvantages of small office Advantages and disadvantages of large office Advantages and Disadvantages of Corporations Advantages and Disadvantages of Limited Liability Company Advantages and Disadvantages of Partnership Credit card and Debit card explained with their similarities and differences Business Structure: What is a business structure? Advantages and Disadvantages of Franchise What is a franchise? Types of franchise Corporation explained with its types What is Limited Liability Company? What is Partnership Business? Types of Partnership What is business studies? Concept of business Elements of Management What is Management? Importance of Management Advantages and Disadvantages of Air TransportAcademic Questions in Business Studies
A one-man business is termed _____.
A. Proprietorship
B. Sole Proprietorship
C. Individual Entrepreneurship
D. Sole Trader
E. All of the Above
F. None of the Above
Which of the following is not a function of the wholesaler?
A. They distribute goods
B. They store goods
C. Specialization of goods
D. They bring about price variability in goods
E. They act as shock absorbers during the movement of goods
F. Packaging of goods
A person employed by an organization to carry out the everyday duties of a typical office, and at the same time perform a couple of other functions for their company which may vary from one company to another, is termed a _____.
A. Secretary
B. Personal Assistant (P.A)
C. Secretary General
D. Clerical Staff
E. Supervisor
F. Bookkeeper
The above image best describes the _____.
A. Ledger system
B. Journal system
C. Double entry system
D. Balance sheet system
E. Principles of accounting system
F. Balanced accounting system
An accounting system focused primarily on a balanced debit and credit side is termed _____.
A. Ledger system
B. Journal system
C. Double entry system
D. Balance sheet system
E. Principle of accounting system
F. Balanced accounting system
With regards to money, which of the following statement is incorrect?
A. Money is crucial for the survival of every human being
B. Money is completely advantageous
C. Money is defined as anything that is generally accepted as a medium of exchange
D. Monopoly is said to exist when money and wealth exists in the hands of a few
E. Excess money in an economy can lead to inflation
F. When a person receives money that isn't commensurate with the job he or she had done, then that's underemployment
Which of the following statement is wrong with regards to business?
A. Business involves the exchange of something for another thing or money
B. Business is an economic activity
C. In business, profit goes beyond money
D. Businesses do not have social responsibilities to their customers
E. The exchange of services is an aspect of business
F. Businesses can be affected by government policies
Consumer _____ are the laws and methods put in place by various agencies so that consumers can enjoy maximum satisfaction on the goods they buy and services rendered to them.
1. A cheque contains the following information except _____.
A. date
B. account number
C. name
D. supplier's invoice number
E. amount
Please read on cheque in business studies here.
2. The fastest means of transportation is _____.
A. air
B. water
C. road
D. rail
E. none of the above
Please read on means and mode of transportation here.
3. A principal's office is a good example of an office _____.
A. departmental
B. small
C. large
D. sales
E. purchases
4. A place where variety of products are made available for the purpose of buying and selling is called _____.
A. bank
B. capital market
C. market
D. stock exchange
E. warehouse.
Please read on the concept of market here.
5. The following are factors that make people to lie in business except _____.
A. bad upbringing
B. honesty
C. laziness
D. poverty
E. wickedness
6. A good clerical staff should not be _____.
A. clean
B. saucy
C. polite
D. smart
E. diligent
Please read on clerical staff here.
7. The following are sanctions to check wrong attitude to work, except _____.
A. denial of opportunities
B. elevation
C. pay deduction
D. query
E. demotion
8. The following are career opportunities in business studies except _____.
A. Banker
B. Secretary
C. Scientist
D. Transporter.
E. Accountant
Please read on scope and importance of business studies here.
9. Something which you must have is called a _____.
A. need
B. want
C. demand
D. choice
E. request
Please read on scale of preference and opportunity cost here.
10. An officer that gives, receives, records, arranges, processes, saves and retrieves information is called a _____.
A. clerical staff
B. accountant
C. secretary
D. executive
E. driver
11. _____ is an information gatekeeper in an organization.
A. accountant
B. driver
C. clerical officer
D. cleaner
E. mechanic
12. The agency in charge of protecting consumers from fake and substandard goods in Nigeria is _____.
A. CPC
B. NAFDAC
C. NCDC
D. NERC
E. SON
Please read on the agencies of consumer right and protection here.
13. Coal mining is an example of _____ industry.
A. extractive
B. constructive
C. manufacturing
D. tertiary
E. secondary
14. The safest means of transportation is _____.
A. air
B. water
C. road
D. rail
E. none of the above
Please read on the advantages and disadvantages of air transport here.
15. The _____ is the highest bank in Nigeria.
A. commercial bank
B. merchant bank
C. microfinance bank
D. central bank
E. development bank
16. A customer who wants to keep his money in the bank for a short time uses _____ account.
A. corporate
B. current
C. dormant
D. fixed deposit
E. savings.
17. Buying and selling of goods is called _____.
A. business
B. trading
C. occupation
D. work
E. sales
18. Which of the following is a Nigerian export item?
A. Spare parts
B. Television set
C. Petroleum products
D. Motor cars
E. Iron ore
19. Which of the following is not a function performed in an office?
A. Giving information
B. Processing information
C. Preventing information
D. Recording information
E. Storing Information
You can read on large office explained with its characteristics here.
20. _____ creates awareness about goods and services
A. Advertising
B. Banking
C. Communication
D. Transportation
E. warehousing
Please read on advertising here.
Question 1
(A) Define the term, clerical staff.
(B) Outline any five functions of a clerical staff.
(C) Outline any five qualities of a clerical staff.
Please read on questions and answers on various academic subjects here.
Question 2
(A) Outline any five personal qualities of a receptionist.
(B) Outline any six approaches to handling visitors.
Question 3
(A) Define the term, department.
(B) Define each of the following departments in an organization:
Account or Finance
Administrative department
Planning department
Account or Finance
Administrative department
Planning department
Please read interesting facts for students here.
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Amazing facts in Business Studies
According to the Global Bicycle Index, Utrecht in Netherlands is the most bike-friendly city in the world
The world's 100 richest people earned enough money in 2012 to end global poverty four times over
Notable points in Business Studies
Consumer protection refers to the ways or methods through which consumers enjoy maximum satisfaction from the goods they buy and services rendered to them.
The agencies of consumer protection assists in protecting the consumer rights. These agencies may also be referred to as the organs of consumer protection. Basically, we have three of them, they are:
Government Agencies
Independent Agencies
Legislation
One of the responsibilities of the government of every nation is to set up agencies or organizations that will protect the interest of the consumers and invariably, the people.
Below are some of the government agencies of consumer protection:
Please read on the government agencies of consumer protection here